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Global Head, Operational Risk

Employer
Tower Research
Location
Manhattan, New York, United States
Closing date
Feb 15, 2024

View more

Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks a Global Head of Operational Risk, with a strong background in operational risk and algorithmic trading to join the global Risk and Trading Supervision team.

Responsibilities

* Develop and implement comprehensive operational risk management policies and procedures
* Maintain Incident Management Process to identify root causes, impact and corrective measures
* Conduct regular risk assessments to identify potential operational risks, including system failures, market volatility, compliance breaches and other relevant factors
* Collaborate with Core Engineering to ensure resilience of the trading infrastructure, including identifying vulnerabilities and suggesting improvements
* Manage and respond to operational incidents, including the development and implementation of incident response plans
* Provide regular risk reports to senior management, highlight current risks and suggest mitigative strategies
* Assist the regional Head of Risk in overseeing and managing risk for the regional trading activities
* Control both electronic trading risk and market risk of strategies in real-time

Qualifications

* A bachelor's degree in sciences, with quantitative master's highly regarded
* At least 5 to 10 years of experience in an operational trading risk role gained with a quantitative proprietary trading group, systematic hedge fund manager, or sell-side electronic trading group
* Solid experience with algorithmic trading and low latency electronic risk controls
* Desire to continuously learn and proactively challenge the status quo to improve existing processes
* Solid track record of working with senior management, compliance, business management and technology teams
* Solid Python and database proficiency, C++ and similar languages advantageous
* Strong problem-solving skills and attention to detail
* Excellent written and verbal communication skills

Anticipated annual base salary range is $180,00-$220,000 plus eligible for discretionary bonus.

Benefits

Tower's dual offices and garden roof decks are located in TriBeCa and SoHo, neighborhoods in downtown Manhattan. While we work hard, Tower's cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:

* Competitive salary and performance-based bonuses
* 401(k) with company matching
* 5 weeks of paid vacation per year plus 9 paid holidays
* Free breakfast, lunch, and snacks on a daily basis
* Reimbursement for health and wellness expenses
* Free events and workshops
* Donation matching program

Tower Research Capital is an equal opportunity employer.

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